Seeking Financial Advisor (experienced in real estate & private equity)

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Seeking Financial Advisor (experienced in real estate & private equity)

Fay Chen
Investor · Bothell, WA · Member since 2015 · 214 posts · 104 votes

Hello, Bigger Pockets Fam,

Does anyone know any good fee-only financial advisor who are experienced in private equity and real estate?

My husband and I have been looking for a financial advisor to give us some guidance on how to optimize our portfolio for growth while minimizing risk. Our portfolio is 35% private equity, 30% real estate, & 25% stock market. All of the financial advisors we've seen only seem to be knowledgeable on stock. They also seem to have the cookie cutter advice for general personal finance. We are looking for someone who can really give us advice specific to our needs.

We appreciate any referrals and advice. Thank you!

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  • Account Closed
    Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
    3y
    Quote from @Fay Chen:

    Hello, Bigger Pockets Fam,

    Does anyone know any good fee-only financial advisor who are experienced in private equity and real estate?

    My husband and I have been looking for a financial advisor to give us some guidance on how to optimize our portfolio for growth while minimizing risk. Our portfolio is 35% private equity, 30% real estate, & 25% stock market. All of the financial advisors we've seen only seem to be knowledgeable on stock. They also seem to have the cookie cutter advice for general personal finance. We are looking for someone who can really give us advice specific to our needs.

    We appreciate any referrals and advice. Thank you!

    I think you will find an emphasis on real estate investing here. It's a real estate investing forum. We're knowledable on real estate . . .  surprising, I know. ;-)


    0Reply
  • Daniel JohnsonPro Member
    Financial Advisor · Winston Salem, NC · Member since 2016 · 195 posts · 161 votes
    3y

    Hey Fay-

    You are right that it is important to seek out a fee-only financial planner, and if possible a flat fee financial planner. The difference is that a financial advisor that charges on assets under management has no incentive for you to keep your PE and RE investments, and would prefer for you to concentrate your portfolio in assets they manage. 

    NAPFA and XYPN are both great resources for finding a fee-only financial planner. I am a member of both of these organizations and think that everyone associated are top notch. 

    Hope this helps!

    0Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3y

    @Fay Chen

    Yes my business partner works with a RIA who has many clients in real estate, private equity and other alternative investments.

    Happy to share contact - just send a PM

    7e investments53 Reviews
    WebsiteView Page
    0Reply
  • Fay Chen
    OP
    Investor · Bothell, WA · Member since 2015 · 214 posts · 104 votes
    3y
    Quote from @Daniel Johnson:

    Hey Fay-

    You are right that it is important to seek out a fee-only financial planner, and if possible a flat fee financial planner. The difference is that a financial advisor that charges on assets under management has no incentive for you to keep your PE and RE investments, and would prefer for you to concentrate your portfolio in assets they manage. 

    NAPFA and XYPN are both great resources for finding a fee-only financial planner. I am a member of both of these organizations and think that everyone associated are top notch. 

    Hope this helps!


     Thank you, Danie!

    0Reply
  • Mason Liu
    Financial Advisor · Boynton Beach, FL · Member since 2019 · 127 posts · 80 votes
    3y

    Hey Fay,

    Hope all is well. Would be happy to chat, I work primarily in the Alternative Investments space within a private wealth advisory group.

    0Reply
  • Paul V.
    Investor · Denver, CO · Member since 2016 · 42 posts · 29 votes
    3y

    @Fay ChenI share your pain! Please let me know if you come across any professionals that can help.  My wife and I specifically searched for a fee only financial planner who claimed to know how to work with real estate. We wasted several thousands of dollars with them until we realized that they weren't able to handle the project...After we fired them they turned around and offered me a job ;>) - I politely declined as I don't think the industry is setup to help us.

    I am happy to share that I recently came across a solution called Property Llama that is a huge step forward for folks like us.. The solution is currently free for investors to create an account, enter your properties, identify your goals AND run hypothetical scenarios for taking action (1031/refi/sell) etc.

    Property Llama helps take the emotion (and unvalidated bias) out of the process and gives you black and white numbers on key financial indicators (return on equity, cash flow, etc..). I have my MBA in Real Estate Finance and stand by its power and elegance.. So much so that I'm working with the PL team to help bring this to market :>)



    Please check out Property Llama and let me know what you think!!

    @Daniel Johnson, @Chris Seveney @Mason Liu - We are soft piloting a partnership program with Real Estate Professionals that want to bring Property Llama to their local market. We are working with a branch of a national lender, but have 2 spots open in our pilot program for other RE professionals. DM me if you, or anyone else reading this is interested in learning more.

    Thanks,
    Paul

    0Reply
  • Mike Iger
    Member since 2019 · 12 posts · 2 votes
    3y

    Hi Fay,

    I'm just seeing this now. 

    I work with an advisor that knows how to analyze RE syndications, he invests in them too if he likes the sponsor and the deal.

    He does a lot of Private Equity and Alternative Investments. 

    PM me if you are still looking.

    0Reply
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